SlideShare una empresa de Scribd logo
1 de 37
Branding and its Potential
within the Pharmaceutical
         industry


           By:-
      Sheraz Pervaiz
What is a Brand

 Theword Brand is derived from
 Norse word “ brandr” which
 means “to burn.”
Definition of a Brand
 “Name,term, sign, symbol,or
 design, or a combination of
 them intended to identify
 the goods and services of
 one seller or group of
 sellers and to
 differentiate them from
 those of competition”
D e f in it io n o f a B r a n d
In es s ence, the key to creating a brand
  according to this definition:
 Choose a name
   Logo, Symbol
   Package design
   Other differential attributes
* these components are called brand
   elements
Brand Vs Product


According to Philip Kotler “ a product is
  anything that can be offered to a
  market for attention, acquisition, use
  or consumption that might satisfy a
  need or a want.”
Eement ofabr nd
                   l s        a

   “A brand is a prod uct,then, but one that ad d s
    other d im ensions to d ifferentiate it in som e
    way from other prod ucts d esigned to satisfy
    the sam e need ”
Roles that Brands play?
  Consumers
•Identification of source of product
•Assignment of responsibility to product maker
•Risk reducer
•Search cost reducer
•Promise , bond, pact with maker of product
•Symbolic device
•Signal of quality
The Key to Branding
 For branding strategies to be successful,
  consumers must be convinced that there
  are meaningful differences among brands
  in the product or service category.
 Consumer must not think that all brands in
  the category are the same.
 PERCEPTION = VALUE
Pharmaceutical Industry
Pharmaceutical Industry
          Characteristics
 Highly Competitive but Fragmented
  industry
 Complicated business model with
  numerous stakeholders
 Very Technical/Scientific products
 Major R&D expenditures and High Risk
  product development environment
 Long Product-Development Timelines
Pharmaceutical Industry
                Characteristics
   Long Marketing-Planning horizons
   Highly regulated industry and highly regulated
    marketing communications by FDA
   Primary targets: Healthcare Professionals and
    Consumers
       Numerous “customers” with variety of information
        needs requires multiple approaches to creating
        marketing campaigns and communications
   Evolving selling environment
   Use of e-channel still in its infancy in our
    industry
STAGES OF PRODUCT
            DEVELOPMENT
  Basic              Clinical     Regulatory         Product         Postlaunch
 Research            Studies       Approval           Launch          Marketing

Role of Marketing
• Provide     • Recommend         • Input on       • Finalize        • Monitor
  background development            product          strategy          performance
  on market                         labeling
              • Define product                     • Finalize pricing • Adjust strategy
  and product
                profile needs    • Recommend                            and tactics
  potential                                        • Finalize
                                   filing strategy
              • Define                               promotion        • Sequence
                comparators      • Define            and branding       promotion
                                   launch plan
              • Define Outcomes                    • Implement        • Manage
                Research needs • Develop             launch             product
                                   positioning       campaign           life cycle
              • Develop market
                                   and branding
                                                   • Finalize field
              • Develop strategy
                                                     sales plans
Where industry is moving in the future?
 Towards more integrated offerings
                                              Relationship
Fully                                                       High Trust
                                       Personalization      High Value
Integrated
Information                        Customization
& Services
                                Limited
                              Interactivity
                      Product                              Enriched Product
                                                             and Medical
                        Info                                Education sites
              Corporate
                Info
Discrete                                 Brochure ware
Sets of
Information
              PUSH                                   PULL
              Corporate,                                 Customer
              Product Focus                              Focus
Branding in the
Pharmaceutical Industry
Brand Management is the HUB of
   Pharmaceutical marketing
                  Market             Professional
                 Research               Sales



                                                     Business
  Marketing                   Brand                 Development
Communications              Management


                                                    Pricing
                                                    Analysis
           Customer
           Marketing            Medical
                                Services
Pharmaceutical
  Branding
Branding in Pharmaceutical
              industry:
 Pharmaceutical industry takes long-term
  brand building very seriously.
 This is because of the characteristic of the
  industry.
 Prescription only medicine sector is
  contributing around 90% of global
  pharmaceutical revenue.
History of Branding in
  Pharmaceuticals
History:
   Over 100 years ago, Thomas Beecham
    recognized the importance of Branding
    his safe and effective laxatives “Beecham
    pills”
   This started a new trend in the marketing
    of medicine attaching a personal
    guarantee of the product’s effectiveness.
   As knowledge grew and medicine began
    to become effective for a whole range of
    previously untreatable symptoms and
    conditions. So the Pharma Industry
    prospered.
Why Branding is Important…?
   A powerful brand provides a plate form to build a
    relationship with customers on an individual
    basis.
   A powerful brand provides significant
    competitive differentiation.
   It can cross the boarders of countries and
    markets.
   It can influence behavior and attitudes.
   A powerful brand that which attracts customer
    loyalty can provide on of the greatest source of
    wealth for a business.
Building Brand values:
   Heart of all brands lies a set of values.
   Values quite simply are beliefs that customers
    have about a brand that they find attractive
    and which are likely to influence their purchase
    decision.
   Values can be characterize as
        Functional value (what the brand dose for me...? Effective
         no side effect etc)
        Expressive value (what the brand says about me? Patient
         caring etc)
        Central value. (what the brand and I share at the functional
         level? Low risk in prescribing)
Brand Building strategies
Brand Building Strategies:
 The classic approach to develop a brand
  strategies involve a series of strategies in
  which the following are defined.
 Brand positioning
 Brand personality
 Brand Values
 Unique values of the brand that support
  the values
 How the brand appears to its audience?
Brand Positioning Basics
“A positioning must be…
One, two or three words, phrases or sentences
 about your brand that you want to imprint in the
 heads of key stakeholders….




                         Kevin Clancy, Copernicus
Brand Positioning Basics
“So clear, so succinct, and so powerful
  that once launched, it begins to move
  people toward your new evolving
  brand”



                    Kevin Clancy, Copernicus
Brand Positioning Basics
 All about identifying the
  optimal place of a brand and
  its competitors in the
  consumer’s mind
 Maximizing company             Positioning =
  potential benefit              The Heart Of
                                  Marketing
 The compass that guides
                                   Strategy
  marketing strategy
Brand Positioning Basics
   THE POSITIONING
    STATEMENT DRAWS ON THE
    STRONGEST ASSETS OF THE
    BRAND’S EQUITY
       Clarifies what brand is all about   Positioning =
       Uniqueness/Point of Difference      The Heart Of
       Why consumers should BUY &           Marketing
        USE (Addresses their needs better     Strategy
        than competition)
Powerful Positionings
                             Lead to
                         Powerful Brands


The World's 10 Most Valuable Brands - 2002
          VALUE ($billions)         Interbrand’s Assessment
1 COCA-COLA             69.6
2 MICROSOFT             64.1
                                    is of Brand Power – the
3 IBM                   51.2        fullest possible view of
4 GE                    41.3        each brand’s strengths
5 INTEL                 30.9        and potential as a
6 NOKIA                 30.0
7 DISNEY                29.3
                                    marketing and financial
8 McDONALD'S            26.4        asset.
9 MARLBORO              24.2
10 MERCEDES             21.0
                                      Data: Interbrand Corp., J.P. Morgan Chase & Co /
                                                      Business Week AUGUST 5, 2002
Brand Personality:
 Brand personality build on the emotional
  appeal of brand and is the medium
  through which these, in advertising or
  through visual identity are expressed.
 Therefore it is an important differentiating
  factor in positioning brands.
 Brands can be positioned as masculine
  feminine, young or old according to how
  advertising or visual identity are used.
Brand Value

“There is no value in making
  things any more. The value is
  added by careful research, by
  innovation, and by marketing.”

                    Phil Knight, founder of Nike
 Your brand is what you stand for, what you
  are known for.
 The qualities and attributes that people
  think of when they hear the name of the
  brand, or see the visual marks of the
  brand.
 It is these attributes that people speak of
  when they talk about "brand personality".
 While a brand may have a position in the
  market positioning relates more to the
  individual products and services.
Unique attributes of the brand that
        support the values:
 What are the functional and emotional
  elements of the brands that can support
  the brand’s core values.
 Where is the proof?
 With prescription products their should be
  abundant scientific evidence that the claim
  made for the product are true.
How the brand appears to its
            audience?

 This is the visual manifestation of the
  brand’s role and purpose.
 It compromises brands name, packaging
  design and advertising.
Thank You

Más contenido relacionado

La actualidad más candente

Pharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaPharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaAshish Agrawal
 
Pharmaceutical Management: Product mix
Pharmaceutical Management: Product mixPharmaceutical Management: Product mix
Pharmaceutical Management: Product mixCarmela Alonzo
 
Sales Management in the Pharma. Industry - An overview
Sales Management in the Pharma. Industry - An overviewSales Management in the Pharma. Industry - An overview
Sales Management in the Pharma. Industry - An overviewSarthak Athavle
 
marketing & sales roles for the pharma industries
marketing & sales roles for the pharma industriesmarketing & sales roles for the pharma industries
marketing & sales roles for the pharma industriesAbhilash Vangari
 
Pharmaceutical Marketing - Whats in store for patients?
Pharmaceutical Marketing - Whats in store for patients?Pharmaceutical Marketing - Whats in store for patients?
Pharmaceutical Marketing - Whats in store for patients?brandsynapse
 
Pharmaceutical Branding: Therapeutic Franchise / Range Brand Model
Pharmaceutical Branding: Therapeutic Franchise / Range Brand ModelPharmaceutical Branding: Therapeutic Franchise / Range Brand Model
Pharmaceutical Branding: Therapeutic Franchise / Range Brand ModelDavid Delong
 
Pharmaceutical Marketing Strategy
Pharmaceutical Marketing StrategyPharmaceutical Marketing Strategy
Pharmaceutical Marketing StrategyAwais e Siraj
 
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio MedixHow Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medixambitbiomedix12
 
Marketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industryMarketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industryMuhammad Ali Jehangir
 
How to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing PlanHow to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing PlanMuhammad Ali Jehangir
 
The role product manager
The role product managerThe role product manager
The role product managerRenjini2014
 
Marketing Plan of Esomeprazole
Marketing Plan of EsomeprazoleMarketing Plan of Esomeprazole
Marketing Plan of EsomeprazoleAnimesh Gupta
 
Pharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.pptPharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.pptHarshadaa bafna
 

La actualidad más candente (20)

Pharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaPharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariya
 
Pharmaceutical Management: Product mix
Pharmaceutical Management: Product mixPharmaceutical Management: Product mix
Pharmaceutical Management: Product mix
 
Sales Management in the Pharma. Industry - An overview
Sales Management in the Pharma. Industry - An overviewSales Management in the Pharma. Industry - An overview
Sales Management in the Pharma. Industry - An overview
 
Pharmaceutical Marketing Management
Pharmaceutical Marketing ManagementPharmaceutical Marketing Management
Pharmaceutical Marketing Management
 
Detailing
DetailingDetailing
Detailing
 
New Launch Strategy & Product Cycle
New Launch Strategy & Product CycleNew Launch Strategy & Product Cycle
New Launch Strategy & Product Cycle
 
marketing & sales roles for the pharma industries
marketing & sales roles for the pharma industriesmarketing & sales roles for the pharma industries
marketing & sales roles for the pharma industries
 
Pharmaceutical Marketing - Whats in store for patients?
Pharmaceutical Marketing - Whats in store for patients?Pharmaceutical Marketing - Whats in store for patients?
Pharmaceutical Marketing - Whats in store for patients?
 
Pharmaceutical Branding: Therapeutic Franchise / Range Brand Model
Pharmaceutical Branding: Therapeutic Franchise / Range Brand ModelPharmaceutical Branding: Therapeutic Franchise / Range Brand Model
Pharmaceutical Branding: Therapeutic Franchise / Range Brand Model
 
Pharmaceutical Marketing Strategy
Pharmaceutical Marketing StrategyPharmaceutical Marketing Strategy
Pharmaceutical Marketing Strategy
 
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio MedixHow Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
 
Pharmaceutical Marketing
Pharmaceutical MarketingPharmaceutical Marketing
Pharmaceutical Marketing
 
Esomeprazole plan
Esomeprazole planEsomeprazole plan
Esomeprazole plan
 
Otc
OtcOtc
Otc
 
Marketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industryMarketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industry
 
Market segmentation of Pharmacy Customers
Market segmentation of Pharmacy CustomersMarket segmentation of Pharmacy Customers
Market segmentation of Pharmacy Customers
 
How to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing PlanHow to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing Plan
 
The role product manager
The role product managerThe role product manager
The role product manager
 
Marketing Plan of Esomeprazole
Marketing Plan of EsomeprazoleMarketing Plan of Esomeprazole
Marketing Plan of Esomeprazole
 
Pharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.pptPharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.ppt
 

Similar a Branding in Pharmaceuticals

Branding and business strategy
Branding and business strategyBranding and business strategy
Branding and business strategyBolaji Okusaga
 
Markma Group 4 Presentation Chapter 10 Crafting the Brand Positioning
Markma Group 4 Presentation  Chapter 10 Crafting the Brand PositioningMarkma Group 4 Presentation  Chapter 10 Crafting the Brand Positioning
Markma Group 4 Presentation Chapter 10 Crafting the Brand PositioningKristoffer Jongco
 
Crafting the brand positioning 11
Crafting the brand positioning   11Crafting the brand positioning   11
Crafting the brand positioning 11skillfulyards
 
Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...Eric Brody
 
Roles In Marketing
Roles In MarketingRoles In Marketing
Roles In Marketingeisens
 
Business development
Business developmentBusiness development
Business developmentDennis Ooi
 
Chapter 5 marketing mix i
Chapter 5 marketing mix   iChapter 5 marketing mix   i
Chapter 5 marketing mix iThane
 
Measuring Brand Equity
Measuring Brand EquityMeasuring Brand Equity
Measuring Brand EquityCarol Phillips
 
Easy Marketing and Communications for Technology Startups
Easy Marketing and Communications for Technology StartupsEasy Marketing and Communications for Technology Startups
Easy Marketing and Communications for Technology StartupsClay Braziller, B.Eng, MBA
 
Marketing mix development
Marketing mix developmentMarketing mix development
Marketing mix developmentugik sugiharto
 
Brand architecture
Brand architectureBrand architecture
Brand architecturezender1
 
Essentials of marketing
Essentials of marketingEssentials of marketing
Essentials of marketingZaini Ithnin
 
Next Capabilities Brief Fall 2010
Next Capabilities Brief Fall 2010Next Capabilities Brief Fall 2010
Next Capabilities Brief Fall 2010kristint
 
Marketing targeting & positioning
Marketing targeting & positioningMarketing targeting & positioning
Marketing targeting & positioningEdz Gapuz
 
Chap02 The Role Of Imc In The Marketing Process
Chap02  The Role Of Imc In The Marketing ProcessChap02  The Role Of Imc In The Marketing Process
Chap02 The Role Of Imc In The Marketing ProcessPhoenix media & event
 
Selling and negotiation skill
Selling and negotiation skillSelling and negotiation skill
Selling and negotiation skillSachin Methree
 

Similar a Branding in Pharmaceuticals (20)

Branding and business strategy
Branding and business strategyBranding and business strategy
Branding and business strategy
 
Markma Group 4 Presentation Chapter 10 Crafting the Brand Positioning
Markma Group 4 Presentation  Chapter 10 Crafting the Brand PositioningMarkma Group 4 Presentation  Chapter 10 Crafting the Brand Positioning
Markma Group 4 Presentation Chapter 10 Crafting the Brand Positioning
 
Crafting the brand positioning 11
Crafting the brand positioning   11Crafting the brand positioning   11
Crafting the brand positioning 11
 
Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...
 
Roles In Marketing
Roles In MarketingRoles In Marketing
Roles In Marketing
 
Business development
Business developmentBusiness development
Business development
 
advertising
advertisingadvertising
advertising
 
Chapter 5 marketing mix i
Chapter 5 marketing mix   iChapter 5 marketing mix   i
Chapter 5 marketing mix i
 
Measuring Brand Equity
Measuring Brand EquityMeasuring Brand Equity
Measuring Brand Equity
 
Easy Marketing and Communications for Technology Startups
Easy Marketing and Communications for Technology StartupsEasy Marketing and Communications for Technology Startups
Easy Marketing and Communications for Technology Startups
 
Marketing mix development
Marketing mix developmentMarketing mix development
Marketing mix development
 
OOH Business Strategy
OOH Business StrategyOOH Business Strategy
OOH Business Strategy
 
Brand architecture
Brand architectureBrand architecture
Brand architecture
 
G Commins - Sales & marketing
G Commins - Sales & marketingG Commins - Sales & marketing
G Commins - Sales & marketing
 
Essentials of marketing
Essentials of marketingEssentials of marketing
Essentials of marketing
 
Chapter 9
Chapter 9Chapter 9
Chapter 9
 
Next Capabilities Brief Fall 2010
Next Capabilities Brief Fall 2010Next Capabilities Brief Fall 2010
Next Capabilities Brief Fall 2010
 
Marketing targeting & positioning
Marketing targeting & positioningMarketing targeting & positioning
Marketing targeting & positioning
 
Chap02 The Role Of Imc In The Marketing Process
Chap02  The Role Of Imc In The Marketing ProcessChap02  The Role Of Imc In The Marketing Process
Chap02 The Role Of Imc In The Marketing Process
 
Selling and negotiation skill
Selling and negotiation skillSelling and negotiation skill
Selling and negotiation skill
 

Último

👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...rajveerescorts2022
 
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...lizamodels9
 
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceMalegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDamini Dixit
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Centuryrwgiffor
 
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...Sheetaleventcompany
 
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...Sheetaleventcompany
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwaitdaisycvs
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel
 
Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876
Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876
Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876dlhescort
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon investment
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756dollysharma2066
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Adnet Communications
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...daisycvs
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangaloreamitlee9823
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPanhandleOilandGas
 
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceEluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceDamini Dixit
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperityhemanthkumar470700
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...amitlee9823
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 

Último (20)

👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
 
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
 
Falcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in indiaFalcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in india
 
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceMalegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
Call Girls Zirakpur👧 Book Now📱7837612180 📞👉Call Girl Service In Zirakpur No A...
 
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876
Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876
Cheap Rate Call Girls In Noida Sector 62 Metro 959961乂3876
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceEluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 

Branding in Pharmaceuticals

  • 1. Branding and its Potential within the Pharmaceutical industry By:- Sheraz Pervaiz
  • 2. What is a Brand  Theword Brand is derived from Norse word “ brandr” which means “to burn.”
  • 3. Definition of a Brand  “Name,term, sign, symbol,or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition”
  • 4. D e f in it io n o f a B r a n d In es s ence, the key to creating a brand according to this definition:  Choose a name  Logo, Symbol  Package design  Other differential attributes * these components are called brand elements
  • 5. Brand Vs Product According to Philip Kotler “ a product is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a need or a want.”
  • 6. Eement ofabr nd l s a  “A brand is a prod uct,then, but one that ad d s other d im ensions to d ifferentiate it in som e way from other prod ucts d esigned to satisfy the sam e need ”
  • 7. Roles that Brands play? Consumers •Identification of source of product •Assignment of responsibility to product maker •Risk reducer •Search cost reducer •Promise , bond, pact with maker of product •Symbolic device •Signal of quality
  • 8. The Key to Branding  For branding strategies to be successful, consumers must be convinced that there are meaningful differences among brands in the product or service category.  Consumer must not think that all brands in the category are the same.  PERCEPTION = VALUE
  • 10. Pharmaceutical Industry Characteristics  Highly Competitive but Fragmented industry  Complicated business model with numerous stakeholders  Very Technical/Scientific products  Major R&D expenditures and High Risk product development environment  Long Product-Development Timelines
  • 11. Pharmaceutical Industry Characteristics  Long Marketing-Planning horizons  Highly regulated industry and highly regulated marketing communications by FDA  Primary targets: Healthcare Professionals and Consumers  Numerous “customers” with variety of information needs requires multiple approaches to creating marketing campaigns and communications  Evolving selling environment  Use of e-channel still in its infancy in our industry
  • 12. STAGES OF PRODUCT DEVELOPMENT Basic Clinical Regulatory Product Postlaunch Research Studies Approval Launch Marketing Role of Marketing • Provide • Recommend • Input on • Finalize • Monitor background development product strategy performance on market labeling • Define product • Finalize pricing • Adjust strategy and product profile needs • Recommend and tactics potential • Finalize filing strategy • Define promotion • Sequence comparators • Define and branding promotion launch plan • Define Outcomes • Implement • Manage Research needs • Develop launch product positioning campaign life cycle • Develop market and branding • Finalize field • Develop strategy sales plans
  • 13. Where industry is moving in the future? Towards more integrated offerings Relationship Fully High Trust Personalization High Value Integrated Information Customization & Services Limited Interactivity Product Enriched Product and Medical Info Education sites Corporate Info Discrete Brochure ware Sets of Information PUSH PULL Corporate, Customer Product Focus Focus
  • 15. Brand Management is the HUB of Pharmaceutical marketing Market Professional Research Sales Business Marketing Brand Development Communications Management Pricing Analysis Customer Marketing Medical Services
  • 17. Branding in Pharmaceutical industry:  Pharmaceutical industry takes long-term brand building very seriously.  This is because of the characteristic of the industry.  Prescription only medicine sector is contributing around 90% of global pharmaceutical revenue.
  • 18. History of Branding in Pharmaceuticals
  • 19. History:  Over 100 years ago, Thomas Beecham recognized the importance of Branding his safe and effective laxatives “Beecham pills”  This started a new trend in the marketing of medicine attaching a personal guarantee of the product’s effectiveness.  As knowledge grew and medicine began to become effective for a whole range of previously untreatable symptoms and conditions. So the Pharma Industry prospered.
  • 20. Why Branding is Important…?  A powerful brand provides a plate form to build a relationship with customers on an individual basis.  A powerful brand provides significant competitive differentiation.  It can cross the boarders of countries and markets.  It can influence behavior and attitudes.  A powerful brand that which attracts customer loyalty can provide on of the greatest source of wealth for a business.
  • 21. Building Brand values:  Heart of all brands lies a set of values.  Values quite simply are beliefs that customers have about a brand that they find attractive and which are likely to influence their purchase decision.  Values can be characterize as  Functional value (what the brand dose for me...? Effective no side effect etc)  Expressive value (what the brand says about me? Patient caring etc)  Central value. (what the brand and I share at the functional level? Low risk in prescribing)
  • 22.
  • 23.
  • 24.
  • 26. Brand Building Strategies:  The classic approach to develop a brand strategies involve a series of strategies in which the following are defined.  Brand positioning  Brand personality  Brand Values  Unique values of the brand that support the values  How the brand appears to its audience?
  • 27. Brand Positioning Basics “A positioning must be… One, two or three words, phrases or sentences about your brand that you want to imprint in the heads of key stakeholders…. Kevin Clancy, Copernicus
  • 28. Brand Positioning Basics “So clear, so succinct, and so powerful that once launched, it begins to move people toward your new evolving brand” Kevin Clancy, Copernicus
  • 29. Brand Positioning Basics  All about identifying the optimal place of a brand and its competitors in the consumer’s mind  Maximizing company Positioning = potential benefit The Heart Of Marketing  The compass that guides Strategy marketing strategy
  • 30. Brand Positioning Basics  THE POSITIONING STATEMENT DRAWS ON THE STRONGEST ASSETS OF THE BRAND’S EQUITY  Clarifies what brand is all about Positioning =  Uniqueness/Point of Difference The Heart Of  Why consumers should BUY & Marketing USE (Addresses their needs better Strategy than competition)
  • 31. Powerful Positionings Lead to Powerful Brands The World's 10 Most Valuable Brands - 2002 VALUE ($billions) Interbrand’s Assessment 1 COCA-COLA 69.6 2 MICROSOFT 64.1 is of Brand Power – the 3 IBM 51.2 fullest possible view of 4 GE 41.3 each brand’s strengths 5 INTEL 30.9 and potential as a 6 NOKIA 30.0 7 DISNEY 29.3 marketing and financial 8 McDONALD'S 26.4 asset. 9 MARLBORO 24.2 10 MERCEDES 21.0 Data: Interbrand Corp., J.P. Morgan Chase & Co / Business Week AUGUST 5, 2002
  • 32. Brand Personality:  Brand personality build on the emotional appeal of brand and is the medium through which these, in advertising or through visual identity are expressed.  Therefore it is an important differentiating factor in positioning brands.  Brands can be positioned as masculine feminine, young or old according to how advertising or visual identity are used.
  • 33. Brand Value “There is no value in making things any more. The value is added by careful research, by innovation, and by marketing.” Phil Knight, founder of Nike
  • 34.  Your brand is what you stand for, what you are known for.  The qualities and attributes that people think of when they hear the name of the brand, or see the visual marks of the brand.  It is these attributes that people speak of when they talk about "brand personality".  While a brand may have a position in the market positioning relates more to the individual products and services.
  • 35. Unique attributes of the brand that support the values:  What are the functional and emotional elements of the brands that can support the brand’s core values.  Where is the proof?  With prescription products their should be abundant scientific evidence that the claim made for the product are true.
  • 36. How the brand appears to its audience?  This is the visual manifestation of the brand’s role and purpose.  It compromises brands name, packaging design and advertising.

Notas del editor

  1. Branding and its potential with in Pharmaceutical industry PharmEvo (Pvt.) Ltd Business Unit-1 17
  2. Branding and its potential with in Pharmaceutical industry PharmEvo (Pvt.) Ltd Business Unit-1
  3. Branding and its potential with in Pharmaceutical industry PharmEvo (Pvt.) Ltd Business Unit-1
  4. Branding and its potential with in Pharmaceutical industry PharmEvo (Pvt.) Ltd Business Unit-1
  5. Branding and its potential with in Pharmaceutical industry PharmEvo (Pvt.) Ltd Business Unit-1
  6. Branding and its potential with in Pharmaceutical industry PharmEvo (Pvt.) Ltd Business Unit-1